Hyundai Heavy Industries Promotes Jung Ki-sun to President and Announces Executive Personnel Changes

Jeong Gi-seon, An Gwang-heon, Lee Gi-dong, Ju Young-min and 4 Vice Presidents Promoted to President
Chosun Ga Sam-hyun, Han Young-seok... Energy Gang Dal-ho

[Asia Economy Reporter Hwang Yoon-joo] Jung Ki-sun, Vice Chairman of Hyundai Heavy Industries Group, has been promoted to President.

Hyundai Heavy Industries announced on the 12th that it has carried out a president-level personnel reshuffle to establish a responsible management system.

In this personnel reshuffle, four individuals were promoted to Vice Chairman: Korea Shipbuilding & Offshore Engineering President Ga Sam-hyun, Hyundai Heavy Industries President Han Young-seok, Hyundai Oilbank President Kang Dal-ho, and Hyundai Doosan Infracore President Son Dong-yeon. As a result, the shipbuilding division will be led by Vice Chairmen Ga Sam-hyun and Han Young-seok, the energy division by Vice Chairman Kang Dal-ho, and the construction machinery division by Vice Chairman Son Dong-yeon.

A Hyundai Heavy Industries Group official stated, "By appointing vice chairmen to the three core business divisions of shipbuilding, energy, and construction machinery, we aim to establish a responsible management system for each division, while further solidifying shareholder-centered management through synergy creation among affiliates and increasing corporate value."

Additionally, in this personnel reshuffle, four individuals were promoted to President: Hyundai Heavy Industries Holdings Vice Chairman Jung Ki-sun, Hyundai Heavy Industries Vice Chairman Ahn Kwang-heon, Hyundai Global Service Vice Chairman Lee Ki-dong, and Hyundai Oilbank Vice Chairman Joo Young-min. The company explained that this move is to actively promote eco-friendly businesses in each division such as hydrogen, ammonia, and fuel cells, and to actively secure future growth engines based on these efforts.

In this reshuffle, President Jung Ki-sun was appointed as CEO of Hyundai Heavy Industries Holdings and Korea Shipbuilding & Offshore Engineering, while President Lee Sang-gyun, who leads the shipbuilding business, was appointed as co-CEO of Hyundai Heavy Industries alongside Vice Chairman Han Young-seok. Hyundai Oilbank President Joo Young-min was also appointed as co-CEO alongside Vice Chairman Kang Dal-ho.

Furthermore, in the construction machinery division's intermediate holding company Hyundai Genuine, Vice Chairman Son Dong-yeon was appointed as co-CEO alongside the existing President Cho Young-chul. Hyundai Doosan Infracore will be operated under a co-CEO system with President Cho Young-chul and Vice Chairman Oh Seung-hyun. Vice Chairman Choi Cheol-gon was appointed as CEO of Hyundai Construction Equipment. These appointments will be formalized after related procedures such as extraordinary general meetings of shareholders.

Meanwhile, Hyundai Heavy Industries plans to carry out a follow-up executive reshuffle soon after this president-level personnel reshuffle.

This content was produced with the assistance of AI translation services.